USDT Market Share Soars Amid Financial Uncertainty, USDC Shrinks

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The market dominance of USD-pegged stablecoins has undergone a number of modifications over the previous yr. Most of them are on the decline, however (USDT) has returned to all-time highs, CoinGecko information present.

Within the final 12 months, Circle’s (USDC)’s market share has fallen from 34.88% to 23.05% on the time of writing. Binance USD Market Participation (BUSD) plummeted from 11.68% to 4.18% over the identical interval, whereas Dai (Massive) participation fee remained at 3.66%, down from 4.05% in Could 2022.

USD stablecoin with market dominance. Supply: CoinGecko.

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